Forcount’s Nestor Nunez has pled guilty to conspiracy to commit wire fraud.

The charge was part of a superseding indictment, filed against Nunez on December 6th, 2022. [Continue reading…]

Forcount promoter Antonia Perez Hernandez has pled guilty to conspiracy to commit wire fraud.

The charge was part of a superseding indictment, filed against Hernandez on December 6th, 2022. [Continue reading…]

The SEC has filed charges against the collapsed QZ Asset Management Ponzi scheme.

The SEC’s Complaint, filed in South Dakota on August 26th, names QZ Global Limited, QZ Asset Management Limited and Blake Yeung Pu Lei as defendants. [Continue reading…]

A top TVI Express scammer has had their assets frozen in South Africa.

Describing TVI Express as “South Africa’s biggest pyramid scheme”, the High Court in Johannesburg has ordered the estate of Adelaide Musa Duma “provisionally sequestrated”. [Continue reading…]

Iberdrola VIP fails to provide ownership or executive information on its website.

Iberdrola VIP’s website domain (“iberdrolavip.cc”), was registered with bogus details on August 25th, 2024.

Of note is Iberdrola VIP’s website domain being registered through the Chinese registrar Alibaba (Singapore).

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

Lorraine Lea has collapsed. The company has been put into voluntary administration and is clearing what stock it has left.

Yesterday Lorraine Lea’s distributors were informed their contracts have been terminated. [Continue reading…]

Ageeon fails to provide ownership or executive information on its website.

Ageeon has three known website domains:

1. ageeon.com – privately registered on August 15th, 2019
2. ageeon.live – privately registered on February 22nd, 2024
3. ageeon.icu – privately registered on August 27th, 2024

In an attempt to appear legitimate, Ageeon provides Canadian shell company details for Ageeon LTD.

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.

Update 27th August 2024 – Pursuant to Ageeon pretending to have ties to Canada, the Ontario Securities Commission issued an Ageeon securities fraud warning on July 23rd, 2024. /end update

Over on YouTube, Ageeon has uploaded marketing videos featuring AI robo-dubbed avatars:

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

My Quantification, aka “My Kompromat Limited”, fails to provide ownership or executive information on its website.

My Quantification’s website domain (“mykompromat.ltd”), was registered with bogus details on August 24th, 2024.

Despite only existing for a few days, on its websiite My Quantification falsely claims it “was founded in 2012”.

Of note is My Quantification’s website domain being registered through the Chinese registrar Alibaba (Singapore).

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

Lume Capital fails to provide ownership or executive information on its website.

Lume Capital’s website domain (“lumecapitalcorp.com”), was privately registered on August 13th, 2023.

In an attempt to appear legitimate, Lume Capital provides shell company certificates for the UK and Montana. A FinCEN certificate is also provided.

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.

The FinCEN certificate is also meaningless:

1. FinCEN isn’t a financial regulator;
2. registering a bogus shell company with FinCEN takes a few clicks online

The shell company –> FinCEN route is typical of non-native English speaking scammers.

Pursuant to its US shell company ruse, Lume Capital provides an address in Montana on its website.

The address belongs to Regus, a company that sells access to virtual office addresses.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

Jas Mathur has sued Travis Bott and Richard Jason Bott over reported Traders Domain Ponzi losses. [Continue reading…]